The day book. (Chicago, Ill.) 1911-1917, January 19, 1915, LAST EDITION, Image 2

Image and text provided by University of Illinois at Urbana-Champaign Library, Urbana, IL

SSBpBSSSiBi,N?vand other veterans of the biggestharvester corporation.They were sore about the wayFunk quit 'em up in the office of Cyrus H. McConnick, president of theI. H. C. Funk had been with 'em foryears and it was said that Funk andhis crowd were going touild up abig rival of the trust.Funk knows the market for farmmachinery in the United States andRussia and Persia. The fellows hetook with him know how to go afterbusiness among the farmers, how to. make a showing of "earning power,"' capitalize it, set up a cry of prosperity and then sell shares of stock rightand left,i Jim Keeley of the Herald made, Funk famous. As editor of the Trib, une, Keeley pushed the fight on Lorimer, but the case dragged for a year' and the U. S. senate wouldn't throw' out Lorimer, It reopened whenKeeley found Funk, who went toWashington and testified that Ed' ward Hines, the lumberman, asked, him (Funk) at the Union Leagueclub to send $10,000 to Edward Til-" den, the stockyards man, toward afund of $100,000 for the election ofLorimer. With this testimony the" U. S. senate voted to say good-by to. Billy Lorimer.And now the European war has hitClarence S. Funk in the same placet the money trust has soaked Lorimer.And Jim Keeley is having one fiercetime making the other State streetstores come across with advertisingI as liberally as Marshall Field & Co.,managed by John G. Shedd, Heraldstockholder.Financial editors of the Herald and, Tribune say today application will bemade in federal court at Indianapo-,lis for a receivership for the RumelyJ Co., "this action being taken by company interests to conserve the corpo-' ration assets pending a reorganization." Funk and Rumely lawyerswent to Indianapolis yesterday..Banks have gathered in $8,000,000' of notes held by farmers against thecompany and these banks havejoined with holders of $10,000,000 oftwo-year notes against the company.o oMRS TARBELL AND ROGERBABSON ON THE STANDNew York, Jan. 19. Labor's caseagainst concentrated wealth withpossibly some direct accusationsagainst the Rockefellers was resumed today with Miss Ida Tarbell,widely known as the author of magazine articles throwing light on Standard' Oil's activities, as the first witness. Miss Tarbell said she had recentlybeen investigating "relations of thegolden rule to business.""Business is today finding out thatthe common man is the great thingin this world," she said. "To givehim full justice and opportunity is"now the ideal of many employers oflabor. I believe there are in thiscountry today more employers thanever before who realize that unlessthe common man is properly caredfor they themselves cannot hope tomake their affairs properly successful. Roger W. Babson, statistician andeconomist, told the commission that"labor must be considered simply asa commodity to be bought and sold.Most social workers forget that andthat's where they make their greatest mistake.""Thank God for their mistakes,"interrupted Commissioner John B.Lennon.WILSON ON FOOD SITUATIONWashington, Jan. 19. Pres. Wilson today held that he has no authority to place an embargo on foodstuffs to prevent them from reaching prohibitive prices. Such authority, he said, would have to be con-"f erred through legislative action.He told callers he had asked thorough probing into any illegal complications to control prices, such combinations being the only ones onwhich the federal government canact.&& 'w TVT-iAWiWirtfHriMritefeMwjfc i